Bitcoin Hovers at $84K as Treasury Yields Hold Near Multi-Year Highs — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Bitcoin traded at ~$84,000 Tuesday, up 0.9% on the day but down 2% on the week, holding a $82,000–$84,000 range for roughly ten days despite surging yields and oil
- Spot Bitcoin ETFs logged eight straight sessions of inflows totaling ~$3 billion, with total holdings now at $107.82 billion (6.42% of BTC's market cap)
- Strategy bought 1,665 BTC for ~$142.7 million between September 21–27, pushing its treasury to a record 847,666 BTC
- Brent crude jumped above $100 Monday after President Trump rejected Iran's seven-day plan to end the war and reopen the Strait of Hormuz, then fell ~1.7% below $104 as Saudi Arabia restored half the flows through its East-West pipeline
- The 10-year Treasury yield hit 5.274% Monday — its highest since June 2007 — while the 30-year touched 5.583%, a level last seen in 2002
- Fed futures markets now price a 70.3% chance of an October rate hike, up from 55.4% a week ago, per CME FedWatch
Why it matters: With Fed hike odds jumping from 55.4% to 70.3% in a week and the 10-year yield at its highest since June 2007, Bitcoin's ~$3B in ETF inflows over eight sessions and Strategy's record 847,666 BTC holding show institutional buyers absorbing the macro selling pressure ahead of Wednesday's core PCE release.
Ask SkimNews
